http://www.askmrcreditcard.com/creditcardblog/class-action-lawsuit-tune-in-tomorrow/ Latest Credit Card News, Reviews and Information Mon, 15 Mar 2010 13:19:10 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.askmrcreditcard.com/creditcardblog/class-action-lawsuit-tune-in-tomorrow/comment-page-1/#comment-95319 Edward Weinberg Sun, 18 Jan 2009 21:37:19 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=3056#comment-95319 I read the text of your telephone conference with Deskin Law firm regarding the reduction of credit card limits and the adverse consequences re FICO scores, which basically will remain a permanent red flag on our credit scores.I came away quite disappointed with the attorney's attitude, expecially when his response to starting a class action law suit was "it depends" upon the small print in the credit card agreement, which usually reserves the option of the credit card issuer to arbitrarily "change the terms" as it sees fit. Changing the terms has nothing to do with forever ruining the credit cardholder's FICO scores, which in itself remains a legal "tort" (wrongdoing or injury)) to the cardholder who was never in default and who previously had an excellent credit rating. A class action could therefore be brought as a Tort action. I suggest consulting a different law firm. I read the text of your telephone conference with Deskin Law firm regarding the reduction of credit card limits and the adverse consequences re FICO scores, which basically will remain a permanent red flag on our credit scores.I came away quite disappointed with the attorney’s attitude, expecially when his response to starting a class action law suit was “it depends” upon the small print in the credit card agreement, which usually reserves the option of the credit card issuer to arbitrarily “change the terms” as it sees fit. Changing the terms has nothing to do with forever ruining the credit cardholder’s FICO scores, which in itself remains a legal “tort” (wrongdoing or injury)) to the cardholder who was never in default and who previously had an excellent credit rating. A class action could therefore be brought as a Tort action. I suggest consulting a different law firm.

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